How to master your employer obligations in 2025
Taxpayers who employ staff should remember these important dates and obligations in 2025.
Reminder of December 2024 Quarter Super Guarantee
Superannuation Deadline ‘SG’ Approaching Don’t Miss the 28 January Cut-Off Ensure Compliance with the 11.5% SG Rate to Avoid Penalties and Interest Employers are reminded that employee superannuation contributions for the quarter ending 31 December 2024 must be received by the relevant super funds by 28 January 2025. If the correct amount of SG is […]
Could your staff celebration attract FBT?
Consider if fringe benefits tax (FBT) may apply or you could end up with an unexpected FBT liability. With the holiday season kicking off, you may be planning a celebration with your staff. Before you hire a restaurant or book an event, make sure you work out if the benefits you provide your employees are […]
New ATO guidance on “who is an employee?”
ATO Clarifies Definition of ‘Employee’ for PAYG Withholding Purposes New Ruling Provides Guidance on Determining Employment Status The ATO recently issued a ruling which explains when an individual is an ’employee’ of an entity for pay as you go (‘PAYG’) withholding purposes. A useful approach for establishing whether or not a worker is an employee […]
Choosing the right PAYG instalment method
Understanding PAYG Instalment Methods ATO Case Studies on Instalment Amount and Instalment Rate Methods The ATO advises that Pay as you go (‘PAYG’) instalments are calculated using either the instalment amount method or the instalment rate method. It recently provided the following two case studies to illustrate the two methods: Case study 1: Kelly the […]
New Paid DV Leave arrives for SMB employees 1 August
Paid domestic violence leave entitlements for small business employees Small businesses across Australia are facing a new challenge as they prepare for the implementation of paid domestic violence leave entitlements starting 1 August 2023. This new policy grants employees up to ten paid days off during a twelve-month period to address family and domestic violence […]
1 July changes
Changes for business owners There are legal, financial, and other changes your business will have to be across very soon. Not sure what they are or what to do? Don’t worry, we have you covered. It’s been a big year for changes in areas like people management, pay and tax. Here’s a rundown of some […]
Super guarantee rate change scheduled
Get ready for a change in the super guarantee rate The superannuation guarantee (SG) rate will increase from 10.5% to 11% on 1 July 2023. Employers, remember to update your payroll system to align with these changes. The new SG rate applies to payments made to workers on or after 1 July 2023. The Superannuation […]
Improving payroll governance
Make sure you’re up to date on payroll compliance How employers can understand and meet their payroll obligations and some of the common issues seen by the ATO. How to meet your employer obligations The ATO wants to help you ensure your entity’s payroll governance measures are designed effectively and fit for purpose. This means […]
Xero’s STP Phase 2 roll out
Everything to know (and do) for the final stage of Xero’s STP Phase 2 rollout By now, most business owners are probably familiar with Xero’s approach to getting payroll data ready for Single Touch Payroll Phase 2. This will see businesses build on their existing STP reporting to share more information with the ATO and other […]
